EghtesadOnline: Central Bank of Iran's Governor Valiollah Seif is expected to discuss an earlier agreement between Tehran and Baku on opening settlement accounts with his Azerbaijani colleagues in Baku, an Iranian diplomat said.

In an interview with Trend News Agency, Iranian Ambassador to Azerbaijan Javad Jahangirzadeh said talks on settlement accounts have not produced any outcome yet, hoping that the upcoming visit would help advance the talks.

Seif is slated to arrive in Baku on Feb. 12 to discuss financial cooperation between the two countries. Last August, Iranian President Hassan Rouhani visited Baku where the two sides agreed to expand financial cooperation and signed several documents.

During the visit, Valiollah Seif, who accompanied the president, said the central banks of the two countries have agreed to open settlement accounts, according to Financial Tribune.